Dividing assets in a high-net-worth divorce is rarely straightforward. Spousal support, also called alimony, adds another layer of complexity. Alabama law considers several factors when determining alimony, especially in cases involving significant wealth. How Alabama courts determine spousal support Courts evaluate multiple factors before awarding spousal support. The length of the marriage, financial needs, income disparity, and standard of living… The post How does spousal support interact with high-value asset division? first appeared on Snodsmith Law ..read more

Relocating after a divorce can create challenges, especially with child custody. A move affects parental rights, visitation, and legal responsibilities. Understanding Alabama laws helps parents navigate these changes while protecting their children. Understanding jurisdiction and Alabama laws Alabama has specific laws for divorce and child custody. The original custody order remains in effect, but modifying it may require legal action.… The post How does relocation impact divorce and custody agreements? first appeared on Snodsmith Law ..read more

Property division plays a major role in divorce proceedings. Alabama follows an equitable distribution approach, meaning assets and debts are divided fairly but not necessarily equally. The length of the marriage is one of the most important factors courts consider when determining how to divide property. Short-term vs. long-term marriages Courts often treat short-term marriages differently from long-term marriages when… The post What role does marriage duration play in property division? first appeared on Snodsmith Law ..read more

Divorce proceedings or negotiations can become much more of a challenge as the portfolio of marital assets becomes more diversified. Couples in high-asset, high-income marriages often struggle to find solutions for property division. The extent of their marital estate and the variety of assets that they have accumulated during the marriage make attention to detail crucial during property division negotiations.… The post The challenges of addressing deferred compensation during divorce first appeared on Snodsmith Law ..read more

Property division is a critical part of any divorce. In Alabama, courts follow the principle of equitable distribution, which means dividing marital property fairly, though not always equally. To divide property effectively, it’s essential to understand the difference between marital and separate property under state law. What is marital property? Marital property includes assets acquired by either spouse during the… The post Distinguishing between marital and separate property first appeared on Snodsmith Law ..read more

Divorce can create significant emotional challenges for children. The process often disrupts their sense of stability and security, which may lead to feelings of fear, confusion and sadness.  Without proper support, these emotions can impact a child’s mental health, behavior and relationships. Family therapy can play a helpful role in easing children and their parents through the difficulties of divorce.… The post Family therapy can help you and your children during a divorce first appeared on Snodsmith Law ..read more

Dividing assets during a divorce creates unique challenges, especially when intangible property becomes part of the equation. Frequent flyer miles and reward points hold significant value but often complicate the property division process. Knowing how courts handle these assets helps spouses prepare for negotiations or court proceedings. Classifying frequent flyer miles and reward points Courts typically classify frequent flyer miles… The post How are reward points divided in a divorce? first appeared on Snodsmith Law ..read more

Going through custody issues after a divorce can be challenging, especially when a child from a first marriage is involved. Understanding how Alabama law views custody between a biological parent and stepparents can help you prepare for what lies ahead. Biological parent’s custody rights In Alabama, the law generally favors biological parents in custody disputes. The court presumes that a… The post Custody battles: Biological parent vs. stepparent first appeared on Snodsmith Law ..read more

Divorce is hard for everyone, but same-sex couples often deal with extra challenges that make it even tougher. Knowing about these issues can help same-sex couples get ready for what lies ahead and protect their rights. Dividing assets and property One big challenge for same-sex couples is dividing assets and property. Many same-sex couples were together long before same-sex marriage… The post How does divorce affect same-sex couples differently? first appeared on Snodsmith Law ..read more

Couples sometimes make strategic investments throughout their marriages to improve the family’s financial circumstances. Purchasing investment properties is a relatively common strategy. In some cases, the goal is to acquire residential properties and rent them out as a source of income. Other times, the goal may be to repair distressed properties and flip them by selling them quickly for a… The post 3 reasons to retain investment properties jointly after a divorce first appeared on Snodsmith Law ..read more